What a fun time we had with the eating of Potato Chips. 3 of the 4 who participated did have graphs that demonstrated that more and more consumption did not create more satisfaction. Jo, in particular, had a graph that demonstrated an obvious shift. Jackson - he was what we call in statistics "an outlier." He varied from the others in results.
Diminishing Marginal Utility (DMU) is a real thing that businesses all have to contend with. In particular, the pathways we have on Thursday. Culinary cannot spend a career making exactly the same thing and expect profit. You always have to "change it up." But I think Arianna brought up that you can change things and drive business away. AgBio needs to find more efficiency in selling our ag products - what makes US products better than Argentina's? Price is important - but how can we make our exports more appealing, beyond our gift of making things cheaper?
The K-12s - trust me, a teacher has to change things up. Otherwise teacher and students will quickly have Diminished Marginal Utility. I feel certain that that happens in the prison culture as well, for our CJ student in class. Rotation of duties keep people there and engaged.
Next week - we will learn more about how disasters can teach us about production possibilities curves and demand / supply situations.
GET WORK FINISHED!
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